How do you imagine your retirement? Relaxation or hectic? Calm or anxious? Throughout previous generations it was thought that years in retirement were supposed to be filled with sleeping in, traveling the world, participating in scuba diving classes and spending time with your … [Read more...]
Federal Reserve official warns bitcoin threatens central banks – and that’s a good thing
Last week, David Andolfatto, St. Louis Federal Reserve Vice President and Director of Research, published an in-depth presentation on the peer-to-peer decentralized currency bitcoin. This is the first time that such a high level central banking official has studied the cryptocurrency … [Read more...]
First Bing, now DuckDuckGo provides bitcoin buy & sell prices via Blockchain
In response to Google and other search engines’ policies of tracking its users’ searches, DuckDuckGo was established that prides itself on protecting searchers’ privacy and avoiding filtered searches. Recently, it has become a venue for bitcoin prices. It was discovered by newsBTC … [Read more...]
Executive pay rising, companies cutting back on lucrative perks
The United States economy isn't doing relatively well, but salaries among CEOs and other executives are, according to USA Today’s analysis of companies on the Standard & Poor’s 500 led by the same CEO for the past two years. The report discovered that last year’s median pay that … [Read more...]
Poll: Low- and middle-income families concerned about personal finance
The economic situation in the United States today continues to be one of the most important issues facing the country. The Federal Reserve has conceded that the labor market is worse than in any recession, the unemployment rate remains high and public and private debt are at record … [Read more...]
Bitcoin is much more than a bubble according to Xapo CEO
Bitcoin to as much as $1 million? Perhaps. In the past several months, there have been many predictions as to where the digital currency is headed to in the next few years. Some say it could be worth tens of thousands of dollars, while some are making the case for six figures – of … [Read more...]
U.S. trade deficit widens by 7.7% to $42.3 billion
The United States trade deficit widened to the highest level in five months in February by 7.7 percent to $42.3 billion, according to a report from the Department of Commerce on Thursday. The bulk of the increase occurred from export declines in fuels and capital equipment, but … [Read more...]
Marc Faber: Bitcoin could be worthless if the system crashes
A lot of libertarians and contrarian investors who are staunch critics of bitcoin make a few points: bitcoin has no intrinsic value, no one can physically own a bitcoin and the government and major financial institutions will clamp down on the digital currency in the near … [Read more...]
Study projects global travel industry to rise 5.4% annually until 2023
Grab your passport and plane ticket and book your reservations because the travel industry will receive a big boost over the next 10 years as more travelers are hitting the skies to get to their destinations. The global travel industry is expected to increase 5.4 percent each year … [Read more...]
New wearable silicone wristband detects daily exposure to dangerous chemicals
It’s no surprise that humans consume a large sum of chemicals on a daily basis. Whether it’s in the food we eat, the makeup we put on our face or the environmental toxins we breathe in, chemicals engulf us regularly. This is why scientists at Oregon State University (OSU) have … [Read more...]
Dutch bitcoin miner arrested for stealing electricity
It takes a lot of energy and computer power to mine for bitcoins. To circumvent this problem, one bitcoiner used another property’s electricity to allegedly power his computers and mine for the digital currency. The incident was reported on Dutch News and found that a 43-year-old … [Read more...]
Congresswoman Nydia M. Velazquez supports bitcoin during small business hearing
A substantial number of Washington lawmakers have still refrained from entering the bitcoin debate. One politician wanted to impose a ban on the cryptocurrency, while another legislator came out in favor of the digital currency. During the United States House Committee on Small … [Read more...]
BlackBerry and T-Mobile U.S. licensing agreement dead in the water
BlackBerry confirmed in a statement Tuesday that it will not be renewing its licensing agreement with T-Mobile to sell BlackBerry products in the United States when the current contract expires on Apr. 25, 2014. The struggling Waterloo, Ontario-based company did state that … [Read more...]
April Fools’ Day pranks that targeted bitcoin
Did you hear about LEGO offering delivery service via a turtle? How about Honda releasing a do-it-yourself vehicle? Sony Electronics will be releasing its newest line of "power food." You could look fashionable wearing Men’s Wearhouse’s "Ultra Skinny Tie." If you didn't know, these … [Read more...]
Bank of Montreal mulling bitcoin acceptance
We reported in February of how the Bank of Montreal was shutting down business accounts that had any affiliation with bitcoin. Two months later, the Canadian financial institution is now open to allowing bitcoin transactions if the digital currency becomes regulated. Speaking in an … [Read more...]
Harsh winter weather hurt construction spending in February: Commerce Department
The harsh winter weather was again to blame for bleak economic figures, this time in the area of construction spending, according to numbers released (PDF) Tuesday by the United States Department of Commerce. According to the federal department, construction spending only rose by a … [Read more...]
Chrysler Group automaker of Jeep and Dodge brands saw U.S. auto sales jump 13% in March
Chrysler, the United States automaker of the Jeep, Ram and Dodge brands, reported Tuesday that overall auto sales increased 13 percent last month, a lot higher than initial industry expectations of just two percent. The automobile manufacturer posted its 48th consecutive monthly … [Read more...]
Kim Dotcom’s NZ Internet Party wants fiat-backed digital currency
It’s safe to say that a substantial number of bitcoiners support the concept of competing currencies. Whether it’s backed by a computer algorithm, precious metals or nothing at all, healthy competition in the world of currencies could benefit consumers more than hurt them. This is … [Read more...]
Wild price swings hurt bitcoin’s viability as a currency
Finance experts and economists have argued over the past year that bitcoin’s price swings and immense fluctuations have hurt its own chances of becoming a viable, dependable currency. This is something that economist Milton Friedman was concerned about during the 1970s when the topic … [Read more...]
Study finds one-quarter of millionaires are millennials
"Millennials are the first in the modern age to have higher levels of student loan debt, poverty and unemployment, and lower levels of wealth and income than their two immediate predecessor generations," a recent Pew Research report on the group stated. Perhaps the life of a … [Read more...]
